35 Ontario Road, Welland, ON L3B 5C1
Welland, ON L3B 5C1
About this property
INVESTOR / BUILDER ALERT 9.40% CAP + 11.27% potential CAP! HIGH-YIELD MIXED-USE OPPORTUNITY WITH MAJOR UPSIDE! Approx. 8,000 sq. ft. property featuring 4 residential + 3 commercial units on a large 70.41' x 165' lot. Currently generating approximately $103,350 NET INCOME, representing an attractive 9.40% CAP rate. With two residential units currently below market rent, projected income can increase to approximately $148,572 annually with $123,870 NET INCOME - potential 11.27%+ CAP. Multiple ways to add value: convert the main floor into 4 apartments + 1 commercial unit, explore additional units at the rear, or potentially add a third floor, subject to approvals. Flexible CC2 Community Commercial zoning supports numerous income-producing uses, including restaurant, retail, grocery, daycare, medical/clinic, offices, fitness, hospitality, residential and more. Priced below replacement cost with strong existing cash flow, flexible zoning and significant redevelopment potential. A rare opportunity for investors, builders or owner-users looking to increase income and long-term value. Sold "as is, where is".
Property facts & features
- Property type
- Store W Apt/Office
- MLS® number
- X13874368
- Source status
- New
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Reported interior area
- 8000
- Neighbourhood
- Not provided
- Postal code
- L3B 5C1
- Garage
- Outside/Surface
- Lot depth (source units)
- 165
- Annual property tax
- 12400
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $1,099,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Welland →Listing brokerage: COSMOPOLITAN REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13874368. Information deemed reliable but not guaranteed.